Charles Schwab Investment Management Inc. Has $25.90 Million Stock Position in Pebblebrook Hotel Trust $PEB

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Pebblebrook Hotel Trust by 2.1% in Q1, holding 2,556,288 shares worth approximately $25.90 million.
• Several hedge funds have significantly altered their positions in Pebblebrook, with Sterling Capital Management boosting its holdings by 815.6% in the fourth quarter.
• The current average target price for Pebblebrook Hotel Trust shares is $11.78, with ratings ranging from "Buy" to "Sell" from various analysts.

Charles Schwab Investment Management Inc. grew its position in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,556,288 shares of the real estate investment trust's stock after buying an additional 51,537 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.15% of Pebblebrook Hotel Trust worth $25,895,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEB. Sterling Capital Management LLC boosted its holdings in shares of Pebblebrook Hotel Trust by 815.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust's stock worth $51,000 after buying an additional 3,352 shares during the period. XTX Topco Ltd purchased a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter worth approximately $195,000. Marshall Wace LLP purchased a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter worth approximately $6,161,000. First Trust Advisors LP lifted its position in shares of Pebblebrook Hotel Trust by 72.5% in the fourth quarter. First Trust Advisors LP now owns 211,485 shares of the real estate investment trust's stock worth $2,866,000 after purchasing an additional 88,887 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of Pebblebrook Hotel Trust by 7.0% in the fourth quarter. MetLife Investment Management LLC now owns 77,415 shares of the real estate investment trust's stock worth $1,049,000 after purchasing an additional 5,047 shares in the last quarter.

Analysts Set New Price Targets

PEB has been the subject of a number of research analyst reports. Wells Fargo & Company reissued a "negative" rating on shares of Pebblebrook Hotel Trust in a research report on Tuesday, July 1st. Evercore ISI increased their price target on shares of Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the stock an "in-line" rating in a research report on Monday, July 28th. Stifel Nicolaus set a $13.00 price target on shares of Pebblebrook Hotel Trust and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Truist Financial set a $9.00 price target on shares of Pebblebrook Hotel Trust and gave the stock a "hold" rating in a research report on Monday, June 2nd. Finally, Morgan Stanley reissued an "underweight" rating and issued a $10.00 price target on shares of Pebblebrook Hotel Trust in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average price target of $11.78.

Pebblebrook Hotel Trust Price Performance

Shares of PEB opened at $10.0350 on Thursday. The firm has a market cap of $1.19 billion, a PE ratio of -17.30 and a beta of 1.85. The firm's 50 day moving average price is $10.11 and its 200 day moving average price is $10.19. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 1.31. Pebblebrook Hotel Trust has a twelve month low of $7.41 and a twelve month high of $15.12.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. The firm had revenue of $407.54 million for the quarter, compared to analyst estimates of $398.77 million. Pebblebrook Hotel Trust had a negative net margin of 2.20% and a negative return on equity of 1.17%. The company's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 earnings per share. Pebblebrook Hotel Trust has set its Q3 2025 guidance at 0.450-0.510 EPS. FY 2025 guidance at 1.470-1.590 EPS. As a group, research analysts expect that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is currently -6.90%.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust NYSE: PEB is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.